What are the types of bills of exchange ?
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Hi friend,
➡️There are two types of Bills when The Bills of exchange on the basis of object ;-
◾ Trade Bill ;- These bills are drawn and accepted against the sale and purchase of goods on credit. These bills are drawn by the seller ( creditor) and accepted by the buyer ( Debtor )
◾ Accommodation Bills ;- These bills are do not involve any sale or purchase of goods , rather they are drawn without any consideration. This type of bills were helps to one party or both parties financially....i hope it helps you
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➡️There are two types of Bills when The Bills of exchange on the basis of object ;-
◾ Trade Bill ;- These bills are drawn and accepted against the sale and purchase of goods on credit. These bills are drawn by the seller ( creditor) and accepted by the buyer ( Debtor )
◾ Accommodation Bills ;- These bills are do not involve any sale or purchase of goods , rather they are drawn without any consideration. This type of bills were helps to one party or both parties financially....i hope it helps you
================================
Mark me as a brainlist.
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